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Release Date: September 3, 1998
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FEDERAL RESERVE
These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
September 3, 1998
Millions of dollars
Averages of daily figures
Reserve balances of depository institutions at Week ended Change from week ended Wednesday
F.R. Banks, Reserve Bank credit, and related items Sep 2, 1998 Aug 26, 1998 Sep 3, 1997 Sep 2, 1998
Reserve Bank Credit (1,2) 483,860 + 2,866 + 29,974 483,288
U.S. government securities
Bought outright-system account (3) 442,322 + 44 + 32,737 441,976
Held under repurchase agreements 5,050 + 2,237 - 5,432 5,110
Federal agency obligations
Bought outright 451 0 - 560 451
Held under repurchase agreements 3,425 - 213 + 1,261 3,076
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 12 + 8 - 150 4
Seasonal credit 234 - 20 - 177 217
Extended credit 0 0 0 0
Float 638 + 216 + 328 701
Other F.R. assets 31,729 + 594 + 1,966 31,753
Gold stock 11,046 + 2 - 4 11,046
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,976 + 14 + 562 25,976
Total factors supplying reserve funds 530,083 + 2,883 + 30,532 529,510
Currency in circulation* 488,776 + 940 + 28,997 491,069
Treasury cash holdings* 94 + 1 - 182 92
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,400 + 495 + 269 5,372
Foreign 166 - 1 - 42 191
Service-related balances and adjustments (4) 6,871 - 299 - 182 6,871
Other 365 - 8 + 21 362
Other F.R. liabilities and capital 17,135 + 58 + 1,058 16,990
Total factors, other than reserve balances,
absorbing reserve funds 518,806 + 1,186 + 29,939 520,947
Reserve balances with F.R. Banks (5) 11,277 + 1,697 + 593 8,563
On September 2, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 566,887 million, a change of
-$ 6,690 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 18,179 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 18,179 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,525 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,525 million was with foreign official and international
accounts. Includes $ 314 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 48 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,696 million and adjustments of $ 175 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since
* Wednesday Wednesday Wednesday
Sep 2, 1998 Aug 26, 1998 Sep 3, 1997
ASSETS
Gold certificate account 11,046 + 1 - 4
Special drawing rights certificate account 9,200 0 0
Coin 410 - 4 - 66
Loans 221 - 39 - 186
Acceptances 0 0 0
Federal agency obligations
Bought outright 451 0 - 510
Held under repurchase agreements (1) 3,076 - 1,888 + 1,730
U.S. government securities
Bought outright--Bills 197,174 - 901 + 1,980
Notes (2) 178,827 + 1,522 + 19,031
Bonds (3) 65,975 0 + 10,984
Total bought outright (4) 441,976 + 621 + 31,995
Held under repurchase agreements (1) 5,110 - 4,162 - 5,820
Total U.S. government securities 447,086 - 3,541 + 26,175
Total loans and securities 450,833 - 5,468 + 27,209
Items in process of collection (530) 8,311 + 1,775 - 2,349
Bank premises 1,293 - 1 + 29
Other assets (5) 30,491 + 110 + 2,062
TOTAL ASSETS (530) 511,585 - 3,587 + 26,881
LIABILITIES
Federal Reserve notes 465,594 + 1,955 + 28,999
Deposits
Depository institutions 15,373 - 8,259 - 2,198
U.S. Treasury--general account 5,372 + 1,041 + 371
Foreign--official accounts 191 + 29 + 25
Other 362 - 3 + 5
Total deposits 21,298 - 7,193 - 1,797
Deferred availability cash items (530) 7,702 + 1,560 - 1,519
Other liabilities and accrued dividends (6) 4,698 - 152 - 205
TOTAL LIABILITIES (530) 499,292 - 3,830 + 25,477
CAPITAL ACCOUNTS
Capital paid in 5,865 0 + 702
Surplus 5,220 0 + 725
Other capital accounts 1,207 + 242 - 23
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 41 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 6 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,525 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 314 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 167 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 2, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
Millions of dollars
U.S. government Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 60 0 Within 15 days 13,326 - 6,511 3,124 - 1,888
16 to 90 days 161 0 16 to 90 days 93,050 + 966 5 + 5
Over 90 days 0 0 91 days to 1 year 143,965 + 775 120 - 5
Over 1 to 5 years 101,535 + 1,228 93 0
Over 5 to 10 years 41,276 0 185 0
Over 10 years 53,935 0 0 0
Total 221 0 Total 447,086 - 3,541 3,527 - 1,888
1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 48 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 2, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
ASSETS
Gold certificate account 11,046 582 4,206 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 410 12 25 13 25 41 69 59 20 14 26 54 53
Loans 221 0 0 2 0 0 8 35 39 83 29 1 23
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 451 25 167 13 29 35 27 43 16 5 12 20 57
Held under repurchase agreements(1) 3,076 0 3,076 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 197,174 10,739 73,081 5,733 12,815 15,532 11,994 18,929 6,929 2,166 5,470 8,965 24,822
Notes (2) 178,827 9,739 66,280 5,199 11,622 14,087 10,878 17,168 6,284 1,965 4,961 8,131 22,512
Bonds (3) 65,975 3,593 24,453 1,918 4,288 5,197 4,013 6,334 2,318 725 1,830 3,000 8,305
Total bought outright(4) 441,976 24,071 163,814 12,850 28,725 34,816 26,886 42,430 15,532 4,856 12,261 20,096 55,639
Held under repurchase agreements(1) 5,110 0 5,110 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 447,086 24,071 168,924 12,850 28,725 34,816 26,886 42,430 15,532 4,856 12,261 20,096 55,639
Total loans and securities 450,833 24,096 172,167 12,865 28,754 34,852 26,922 42,509 15,586 4,944 12,302 20,118 55,719
Items in process of collection 8,841 503 1,100 351 414 636 1,002 622 377 704 644 299 2,189
Bank premises 1,293 93 159 50 156 126 77 108 31 131 54 149 161
Other assets(5) 30,491 1,443 9,255 1,316 1,828 3,677 1,865 2,882 792 786 720 1,416 4,513
Interdistrict settlement account 0 -1,133 +17,584 +32 -3,652 -2,181 -468 -3,641 -1,717 +292 +986 +1,998 -8,100
TOTAL ASSETS 512,115 26,125 207,698 15,232 28,742 38,750 30,785 44,437 15,787 7,121 15,268 24,930 57,241
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 41 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 6 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,525 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 314 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 167 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 2, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 465,594 23,528 194,622 13,232 26,366 34,477 27,159 39,722 14,505 5,431 13,518 22,709 50,326
Deposits
Depository institutions 15,373 1,299 2,471 923 829 1,074 1,379 2,359 493 556 648 1,101 2,241
U.S. Treasury--general account 5,372 0 5,372 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 191 7 76 8 9 22 9 14 3 5 3 7 26
Other 362 1 105 1 1 76 1 168 0 0 7 1 1
Total deposits 21,298 1,307 8,024 931 839 1,173 1,389 2,540 497 561 659 1,110 2,267
Deferred credit items 8,232 466 901 313 412 555 958 598 350 633 644 347 2,056
Other liabilities and accrued
dividends (1) 4,698 264 1,600 169 299 380 314 456 182 87 163 223 560
TOTAL LIABILITIES 499,822 25,565 205,147 14,645 27,917 36,584 29,820 43,316 15,534 6,712 14,984 24,389 55,209
CAPITAL ACCOUNTS
Capital paid in 5,865 267 1,182 287 398 1,051 470 539 120 199 138 235 980
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 1,207 39 313 28 93 297 157 79 11 22 27 34 107
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 512,115 26,125 207,698 15,232 28,742 38,750 30,785 44,437 15,787 7,121 15,268 24,930 57,241
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 575,063 27,981 235,359 15,870 30,590 41,882 35,889 49,728 17,360 7,278 16,119 29,412 67,595
Less--Held by F.R. Banks 109,469 4,453 40,737 2,638 4,224 7,405 8,730 10,006 2,855 1,847 2,601 6,703 17,270
F.R. notes, net 465,594 23,528 194,622 13,232 26,366 34,477 27,159 39,722 14,505 5,431 13,518 22,709 50,326
Collateral held against F.R. notes
Gold certificate account 11,046
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 445,348
Total collateral 465,594
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
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Last update: September 3, 1998